Collier Center sells for nearly $177 million

Collier Center sells for nearly $177 million, from the Arizona Republic, reports that the 23-story Colliers Center building in downtown Phoenix has sold for $176.8 million, the biggest office sale in the Valley's history. The sale shows that Phoenix continues to be an attractive market for investors, said Jim Fijan, executive vice president with CB Richard Ellis, who helped broker the sale. The building, which has a total of 512,000 square feet, was 96 percent occupied at the time of sale, which closed June 28th. That works out to $ 345.31 per square foot.

http://www.azcentral.com/business/articles/0716biz-collier0717-ON.html